In a deeply worrying and cynical move, officials in Florida working in the Department of Environmental Protection have been banned from using terms such as “climate change” or “global warming”.
Oil and gas companies have responded to the dramatic fall in oil prices over the past few months by idling drilling rigs. Since last year’s peak rig count, the total count of operational U.S. oil rigs fell by 38.7%, from...
As so often in the past, where the tobacco industry leads, the oil industry follows.
How BP's Outlook for Energy looks to the past not the future
Yesterday, after a failure in new contract negotiations initiated this month by a group of major oil companies, the United Steelworkers announced a work stoppage at nine refineries, the largest refinery strike in nearly 35 years.
The new year has started just like the old one ended, with the oil price continuing its downward slide. This morning oil dropped to five and a half year low as over supply continued to spook the markets.
New technologies like fracking––along with government subsidies––have ushered in an energy boom reliant on extreme extraction methods to produce oil and natural gas. Now the Uinta Basin is ground zero for what threatens to become the next phase in extreme...
And so the free-fall continues. The price of Brent crude has fallen this morning below $60 a barrel for the first time since July 2009. The price of US crude is below $55.
The US shale industry faces a Darwinian struggle over the next few months as only the fittest producers will survive as the price of crude plunges to $50 a barrel, the Bank of America has warned.
For years, the oil industry and its powerful friends in Congress talked of a shale gas utopia where fracking would lead to energy independence in for US.
